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Non-controlling Interests
12 Months Ended
Dec. 31, 2019
Non-controlling Interests  
Non-controlling Interests

19.Non-controlling Interests

Non-controlling interests as of December 31, 2019 and 2018, consisted of:

 

 

 

 

 

 

 

 

 

    

2019

    

2018

Capital stock

 

Ps.

1,155,998

  

Ps.

1,157,533

Additional paid-in capital

 

 

3,001,681

 

 

3,001,681

Legal reserve

 

 

164,832

 

 

164,849

Retained earnings from prior years (1) (2)

 

 

8,930,063

 

 

8,921,574

Net income for the year

 

 

1,480,674

 

 

1,605,856

Accumulated other comprehensive income (loss):

 

 

  

 

 

  

Cumulative result from foreign currency translation

 

 

148,318

 

 

167,109

Remeasurement of post-employment benefit obligations on defined benefit plans

 

 

(7,799)

 

 

(4,831)

 

 

Ps.

14,873,767

  

Ps.

15,013,771


(1)

In 2019, 2018 and 2017, the holding companies of the Sky segment paid a dividend to its equity owners in the aggregate amount of Ps.3,800,000, Ps.3,000,000 and Ps.1,000,000, respectively, of which Ps.1,570,659, Ps.1,240,002 and Ps.413,334, respectively, were paid to its non-controlling interest.

(2)

In 2017, the stockholders of Radiópolis approved the payment of a dividend in the amount of Ps.90,000, of which Ps.45,000, were paid to its non-controlling interest.

Amounts of consolidated current assets, non-current assets, current liabilities and non-current liabilities of Empresas Cablevisión and Sky as of December 31, 2019 and 2018, are set forth as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Empresas Cablevisión

 

Sky

 

    

2019

    

2018

 

2019

    

2018

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

Ps.

5,035,670

 

Ps.

5,324,452

 

Ps.

9,891,514

 

Ps.

12,508,441

Non-current assets

 

 

19,371,687

 

 

18,158,208

 

 

17,930,006

 

 

19,003,827

Total assets

 

 

24,407,357

 

 

23,482,660

 

 

27,821,520

 

 

31,512,268

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

  

 

 

  

 

 

 

 

 

  

Current liabilities

 

 

5,565,268

 

 

4,603,918

 

 

3,586,272

 

 

4,948,165

Non-current liabilities

 

 

1,326,812

 

 

2,447,627

 

 

9,319,812

 

 

9,699,401

Total liabilities

 

 

6,892,080

 

 

7,051,545

 

 

12,906,084

 

 

14,647,566

Net assets

 

Ps.

17,515,277

  

Ps.

16,431,115

 

Ps.

14,915,436

  

Ps.

16,864,702

 

Amounts of consolidated net sales, net income and total comprehensive income of Empresas Cablevisión and Sky for the years ended December 31, 2019 and 2018, are set forth as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Empresas Cablevisión

 

Sky

 

 

    

2019

    

2018

 

2019

    

2018

    

Net sales

 

Ps.

14,465,512

 

Ps.

13,392,428

 

Ps.

21,347,241

 

Ps.

22,002,216

 

Non-income

 

 

1,085,880

 

 

1,062,045

 

 

1,880,607

 

 

2,287,313

 

Total comprehensive income

 

 

1,084,162

 

 

1,060,834

 

 

1,850,735

 

 

2,237,380

 

 

As of December 31, 2019, the Group did not have dividends payable.

Amounts of consolidated summarized cash flows of Sky and Empresas Cablevisión for the years ended December 31, 2019 and 2018, are set forth as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Empresas Cablevisión

 

Sky

 

 

    

2019

    

2018

 

2019

    

2018

    

Cash flows from operating activities

 

Ps.

3,756,935

 

Ps.

4,390,549

 

Ps.

8,118,541

 

Ps.

9,122,533

 

Cash flows from investing activities

 

 

(3,301,043)

 

 

(3,423,332)

 

 

(4,006,732)

 

 

(3,827,245)

 

Cash flows from financing activities

 

 

(1,855,636)

 

 

(472,995)

 

 

(5,172,976)

 

 

(3,962,763)

 

Net increase in cash and cash equivalents

 

Ps.

(1,399,744)

  

Ps.

494,222

 

Ps.

(1,061,167)

  

Ps.

1,332,525